Saturday, 02 November 2024 18:55
Euronext’s Push for Sustainable Finance: Paving the Way for ESG Transparency and Green Investment Options
Euronext, a prominent pan-European stock exchange operating across countries such as France, Belgium, and the Netherlands, is making strides to lead European financial markets toward a more sustainable future. Known for connecting capital markets and offering a wide range of trading services—including equities, ETFs, and bonds—Euronext has recently introduced a suite of initiatives aimed at enhancing transparency in Environmental, Social, and Governance (ESG) metrics and promoting green finance options. These efforts align with the European Union's strengthened regulations on ESG and reflect Euronext’s commitment to driving financial growth in tandem with sustainability. Driving ESG Transparency Across European Markets A primary…
Saturday, 31 August 2024 21:08
Australia Passes Treasury Laws Amendment Bill 2024 , detailing corporate obligation on climate risk reporting, harmonizing AFRS with IFRS, & expansion of the reporting to include investors.
In August 2024, Australia passed the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 with key focus on climate risk disclosures (mandatory), accountability and global alignment. The legislation introduces critical reforms that can also bolster Australia’s positioning as the key destination for inflow of the international capital. Under the new bill, large Australian companies—both listed and unlisted—will be required to provide standardized climate information starting in 2025. ASIC, Australia’s corporate watchdog, will also establish a team to administer and oversee compliance under the new obligations. The new legislation brings in the following provisions around climate reporting /…
Sunday, 14 April 2024 21:31
Japan's Sustainability Standards Board (JSSB) Issues Draft Sustainability Disclosure Standards
The Sustainability Standards Board of Japan (SSBJ) recently unveiled draft Sustainability Disclosure Standards, signaling a significant step towards promoting sustainable business practices. Established in July 2022, the SSBJ has been dedicated to developing high-quality standards that align with international sustainability norms set by the International Sustainability Standards Board (ISSB). The draft standards integrate key elements from ISSB’s IFRS Sustainability Disclosure Standards, including IFRS S1 "General Requirements for Disclosure of Sustainability-related Financial Information" and IFRS S2 "Climate-related Disclosures". Divided into three exposure drafts, they cover universal application, general disclosures, and climate-related disclosures. The SSBJ's structure ensures clarity by aligning the drafts…
